Early this month, Goldman Sachs fired several employees in its transaction banking business due to "serious violations" of communication policies. Hari Moorthy, Goldman's Global Head of Transaction Banking, was reportedly among those dismissed.
"[T]he firm terminated the employment of several leaders in the transaction banking (TxB) business after losing confidence in them following serious violations of firm policies," Goldman stated in a memo to staff. "As a general matter, we take our communications policy seriously, and we expect all of our personnel to comply with it."
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